December 20, 2010 [IEX.nl] - Vopak presently does not have the intention to sell its 20% stake in the Borco terminal in the Bahamas.
This was stated by a spokesman of the company last Wednesday.
First National, who was the owner of the other 80%, sold this stake to Buckeye Partners for $ 1.36 billion last Monday. Buckeye offered the possibility to Vopak to sell its interest against the same conditions.
First Reserve, part of First National, and Vopak jointly took over the Borco terminal in 2008.
